UK state pension age rises to 66 and will eventually reach 68 or even 70 years old

UK state pension age rises to 66 and will eventually reach 68 or even 70

The state pension ‘Ponzi’ scheme becomes harder to fund as people live longer and the demographic ratio of working to retired people changes. There is no fund and the scheme relies on new entrants to pay out people in retirement.

The age at which the majority of UK retirees qualify for the state pension has now officially changed to 66 following rises in the qualifying age in the last few years.

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